MGT 515 - INTRODUCTION TO BUSINESS LAW

This essay MGT 515 - INTRODUCTION TO BUSINESS LAW has a total of 585 words and 7 pages.
MGT 515 - INTRODUCTION TO BUSINESS LAW

QUIZ #1: Chapters 1-8

(True – False)

1) Today, the usual remedy in an action at law takes the form of money damages. Page 8 (True)

2) The doctrine of stare decisis applies only in Romano-Germanic civil law countries, not to those of the Anglo-American common law tradition. Page 10 (False)

3) If one were to arrange American legal authority in a hierarchical pyramid, the constitution would be at the apex and, in descending order, you would find statutes, administrative regulations, and case law at the base (foundation). Page 8 (True)

4) One form of jurisdiction — a court’s “power to speak the law” — is known as in personam jurisdiction. Page 31 (False)

5) Only one who has “standing,” i.e., a personal stake in a dispute, may file a lawsuit as a plaintiff. Page 37 (True)

18) Misuse of a product, while a defense to strict product liability, has been severely limited by the courts. Page 132 (false)

19) A statute of repose is similar to a statute of limitations, except that a statute of repose places an absolute outer time limit on asserting certain types of claims so that a defendant will not be left vulnerable to lawsuits indefinitely. Page 136-137 (True)

21) The red background with the words “Coca-Cola” written in white in a modified cursive style is an example of trade dress. Page 145 (True)

22) Customer lists, plans, research and development, pricing information, marketing techniques, production techniques, and generally anything that makes an individual company unique and that would have value to a competitor are known as trade secrets. Page 141 (True)

23) The burdens of proof in a civil case and in a criminal case are exactly the same. Page 164 (false)

24) A corporation is a legal person and is therefore subject to liability for criminal acts. Page 167 (True)

25) There are no exceptions to the Miranda Rule. Page 181 (False)

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Tort law, Tort, Product liability, Strict liability, Common law, Law, First Amendment to the United States Constitution, Precedent, Defamation, Tort law in India

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